Aiden Earley and Tortious Interference (Rangers related)

[forlanssister 3,050]

http://www.aidanearley.org/

 

http://www.aidanearley.org/tortious-interference-report/

 

Some snippets:

 

However Worthington has since been the victim of a highly concerted, coordinated and destabilising campaign of highly damaging online smears by parties closely connected to Rangers, or in collusion with parties close to Rangers, and who falsely allege, amongst other things, that Craig Whyte is still involved with, indeed allegedly controls, Worthington. This relentless series of smears has also been highly damaging to every member of the Worthington team. The campaign has also included the hacking of confidential emails in early 2013 by William Stevenson, the purchase of those emails by the current Chairman of Rangers for £25,000 in late 2014, and the subsequent delivery of those emails to Tom Winnifrith in early 2015, who illegally published the stolen emails on his unregulated share tipping site, potentially as part of a campaign to undermine

Worthington's legal claims against the various Rangers related parties.

 

In mid-2010, Andrew Ellis introduced Rangers Football Club plc (“Rangers” or “the Club”) as a possible financing opportunity to London-based AIM-listed company, Merchant House Group plc, a company controlled by Whyte. In addition to the commercial opportunity, as a lifelong Rangers fan, Whyte was keen to pursue the acquisition of Rangers.

 

Whyte opened discussions with the management of Rangers and subsequently introduced AE to the transaction. Whyte convinced AE that he could get funding to buy out Lloyds Bank’s loan to Rangers but need £5m of working capital. At the time WRN’s pension fund had a substantial pension deficit and an idea emerged to solve that deficit by participating in funding the Rangers takeover on a fully secured basis with a sufficiently high secured interest rate to eliminate the pension deficit.

 

The plan was to provide £3m of the working capital to Rangers secured by a robust first charge over the almost £100m of audited gross assets owned by the Club and by assignment of the Lloyds debenture to the pension fund, providing that the interest and bullet payment eliminated the pension deficit

 

As Whyte had provided £26 million of personal guarantees to help fund his takeover of the club and needed a way to salvage the situation, he consulted AE who introduced Imran Ahmed (“AI”), a venture capitalist with close links to Charles Green (“CG”), the former CEO of Sheffield United.

 

The deal was introduced and brokered by AE using Sevco 5088 Ltd as the bid vehicle. An auction process for the Club was conducted by Duff and Phelps and Sevco 5088 Ltd’s bid was successful.

 

However, in contravention of their agreement with Whyte and Earley, Mr Green and Mr Ahmed illegally proceeded to switch the assets of Rangers out of Sevco 5088 Ltd into a new company Sevco Scotland Ltd, apparently with the complicity of Duff and Phelps. Mr Green then went on to transfer ownership of Sevco Scotland into a new holding Company “The Rangers International Football Club Plc” and to float the company on the London Stock Exchange while denying any involvement from Whyte and stating that Sevco Scotland owned the assets of the Club. Mr Green subsequently resigned as a director when truth emerged about Mr Whyte's involvement.

 

The Worthington group has various actual and potential legal claims against various parties associated with the Rangers Football Club. These include RFC 2012 plc, Rangers International Football Club plc (“RIFC”), Sevco Scotland Ltd, Imran Ahmed, Charles Green, Paul Clark, David Whitehurst, David Greer and Duff and Phelps the former administrators of RFC 2012 plc. Worthington, through its subsidiary Sevco 5088 Ltd, has a claim to all the assets currently said to be owned by RIFC. This claim means that the current board of RIFC would find it difficult to obtain conventional funding secured on these assets whilst such a potential claim exists (and which warranted a note of caution in the audited accounts of RIFC).

[colinstein 294]

Duff and Phelps gave exclusivity to Sevco 5088's bid. They then sold to sevco Scotland

[boabie 230]

Every single word of the post is a complete load of garbage.

Earley, Whyte, Ellis, Law Financial, Worthington and everybody else quoted are part of a circle of penniless deadbeats who thrive on asset stripping, ambulance chasing, and fraud.

If any of the above named wish to seek redress for that statement then I absolve the owners of any forum where I made that statement.

In short, you are all a shower of cheap chiseling bassas barely worthy of the paper, ink or time to report your pathetic nonsense.

[the gunslinger 3,366]

You couldn't be more wrong boabie

 

 

[RANGERRAB 3,255]

Most of the OP is already known surely? Not much we didn't already know?

[pete 2,499]

You couldn't be more wrong boabie

 

Can you further explain please?

[the gunslinger 3,366]

Can you further explain please?

It's not garbage. They aren't penniless and it's all highly relevant not least as it's hindering us in raising capital.

 

 

[the gunslinger 3,366]

Most of the OP is already known surely? Not much we didn't already know?

Some folk do need it drumming in but yeah. Personally I think they have a decent case against green and duff and Phelps.

 

The real issue is I calls into question the integrity of the whole administration.

 

The blue knights were led a merry dance. Others put off and the ones all in it together won by 26k.

 

 

 

 

[der Berliner 3,240]

However, in contravention of their agreement with Whyte and Earley, Mr Green and Mr Ahmed illegally proceeded to switch the assets of Rangers out of Sevco 5088 Ltd into a new company Sevco Scotland Ltd, apparently with the complicity of Duff and Phelps.

 

You wonder whether that "agreement" was signed, sealed and delivered, and not just part of "a talk, i.e. legally binding in one way or another.

[the gunslinger 3,366]

You wonder whether that "agreement" was signed, sealed and delivered, and not just part of "a talk, i.e. legally binding in one way or another.

Given they own sevco 5088 now and Whyte was a director of it I'd say legally binding.

 

Regardless verbal contracts are binding in Scotland.

Edited December 18, 2016 by the gunslinger